Week 2 discussion health assessment
2. How will the company address any required cultural changes that may arise as a result of this investment?
The potential risks associated with an external expansion include unexpected financial implications due to lack of due diligence, operational inefficiencies resulting from integrating new businesses into existing ones, and compliance issues related to regulatory or taxation policies. On the other hand, benefits can include increased market share, access to new markets and customer bases, cost savings through economies of scale, diversification of product or service offerings, and improved management capabilities or capacity.
When assessing an external expansion it is important to consider how any required cultural changes will be managed. This includes understanding how different teams might need to work together collaboratively if employees from both companies are merging into one organization. Additionally, identifying areas for improvement in terms of communication styles as well as ways for creating trust between different departments is essential for successful integration efforts during this process. Last but not least, having measures in place for successfully recognizing each team’s contributions towards achieving shared goals should also be taken into account when addressing this issue.